TBI Corn Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,265,600 (47%) | — | ₹2,130 Cr |
| NII (HNI) | — | 682,800 (14%) | — | ₹642 Cr |
| Retail | — | 1,592,400 (33%) | — | ₹1,497 Cr |
| Market Maker | — | 240,000 (5%) | — | ₹23 Cr |
| Σ Total | — | 4,780,800 (100%) | — | ₹44,940 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹112,800 |
| Retail (Max) | 13 | 15,600 | ₹1,466,400 |
| S-HNI (Min) | 14 | 16,800 | ₹1,579,200 |
| B-HNI (Min) | 67 | 80,400 | ₹7,557,600 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 10,197 | 14,043 | 10,097 |
| Profit After Tax | 766 | 686 | 45 |
| Net Worth | 4,068 | 2,678 | 683 |
| Total Assets | 9,512 | 12,162 | 4,318 |
| Reserves & Surplus | 2,730 | 1,677 | — |
| Total Borrowing | 5,137 | 6,353 | 2,549 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Expansion of Existing Unit; –
- To Meet Incremental Working Capital Requirement; –
- General Corporate Purpose –
Company Overview
Incorporated in 2000, TBI Corn Limited is a manufacturer and exporter of Corn Meal Grits. The Company is ISO 9001:2015 and ISO 22000:2018 certified.
The company specialize in producing high-quality Corn/Maize Grits and related products in the Sangli district of Maharashtra, India.
The company sells various products, including fat-free corn grits/meals, corn flakes, stone-free broken maize and corn flour, and turmeric finger.
All products are made without chemical additives or preservatives and are GMO-free.
The company exports its products to various countries such as Dubai, Oman, Jordan, South Africa, and Vietnam.
As of 31st December 2023, the company has a total of 48 employees